Craig Franco hopes to cash in on Gold currency legalization with his Utah Gold and Silver Depository. His business idea: Store your gold and silver coins in a vault, and Franco issues a debit-like card to make purchases backed by your holdings.

In the language of credit cards, “gold” has long been used to describe a certain level of benefits and consumer protections. Many banks issue Gold Visa or MasterCard credit cards, and American Express features a Gold card in its charge-card lineup.
Soon, “gold” will be used to describe a new type of credit card – but in more literal terms. The Gold Bullion credit card promises to be backed up by the value of your own gold bullion coins. Don’t have any? The company marketing the card can buy them for you at market rates.

A bill authorizing gold and silver as legal tender passed the statehouse and with the governor’s signature will become law. This pushback against the Federal Reserve was truly a bottom-up effort, initiated by a group of activists and two freshman legislators keenly aware that the debt-based dollar is a significant drag on the U.S.

Just ask IRS Agent Jack Bumgardner of the agency’s criminal investigations unit who last week dug up an estimated $200,000 or more in gold and silver coins in the Cherokee National Forest as part of an ongoing probe into the tax evasion scheme of Greeneville nurse anesthetist Edward K. Eastwood.

Florida oncologist Douglas Jackson gave up his medical practice to pursue the crazy dream of creating a digital currency independent of any nation, and backed by gold and silver. Libertarians and computer criminals were thrilled, but the U.S. government was determined to stop him. And it did.

Just when you thought your silver and gold coins were portable and outside of the realm of government intervention and scrutiny, we learn that the Transportation Security Administration may very well be starting to scrutinize possession of such coins if you travel through checkpoints, be they at airports or other public venues:

If the dollar failed tomorrow and gold and silver took its place...Heck Yes!! Is it safe to say that the buying power of an ounce of silver or gold would match that of their current spot prices. In other words 1 ounce of silver would buy about $19.00 worth of goods and gold would buy apx. $1,200.00 worth of goods. Or would their values change dramatically therefore their buying power would be worked out overtime by the market.